Buy EUR now | 26 March 2018

Technical observation

On the weekly chart above,EURUSD is trading on a upward trend. Price retraced at a support zone (1.2243-1.2201)twice then rallied up to a key line 1.2555.Recently price was rejected around the zone and is currently rising towards 1.2555 and I expect a breakout above it.If you had not entered trade yet ,I would advise you buy EURUSD now with your take profit at 1.2555 and stop loss around 1.2032.Ip price goes above 1.2555 wait for a retracement to it then continue long with EUR.In case there’s a clear breach below the support zone with a big red candle, wait for a correction to it to before you enter short position.

Technical levels

Resistance levels

R1.1.2415

R2.1.2477

R3.1.2626

Pivot

1.2327

Support levels

S1.1.2266

S2.1.2178

S3.1.2029

Trade signal

Buy EUR now with your take profit at 1.2555 and stop loss around 1.2032